Strategy Inc $MSTR is Harvest Portfolios Group Inc.’s Largest Position

Harvest Portfolios Group Inc. raised its stake in shares of Strategy Inc (NASDAQ:MSTR) by 36.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,110,081 shares of the software maker’s stock after buying an additional 559,561 shares during the quarter. Strategy makes up about 5.5% of Harvest Portfolios Group Inc.’s holdings, making the stock its largest holding. Harvest Portfolios Group Inc.’s holdings in Strategy were worth $320,627,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSTR. Rhumbline Advisers lifted its stake in shares of Strategy by 16.1% in the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock worth $101,034,000 after purchasing an additional 43,509 shares during the period. Schroder Investment Management Group lifted its stake in shares of Strategy by 21.0% in the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock worth $38,175,000 after purchasing an additional 20,536 shares during the period. Van ECK Associates Corp lifted its stake in shares of Strategy by 46.1% in the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock worth $65,894,000 after purchasing an additional 64,482 shares during the period. Shariaportfolio Inc. lifted its position in Strategy by 18.1% during the third quarter. Shariaportfolio Inc. now owns 106,492 shares of the software maker’s stock valued at $34,313,000 after purchasing an additional 16,354 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Strategy by 7.5% during the third quarter. Legal & General Group Plc now owns 1,255,770 shares of the software maker’s stock valued at $404,622,000 after purchasing an additional 87,333 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Strategy Stock Performance

NASDAQ:MSTR opened at $164.63 on Wednesday. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. Strategy Inc has a 12-month low of $104.17 and a 12-month high of $457.22. The stock has a 50-day moving average price of $151.27 and a 200 day moving average price of $162.03. The stock has a market capitalization of $57.69 billion, a P/E ratio of -4.10 and a beta of 3.59.

Strategy (NASDAQ:MSTR) last released its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The business had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($16.49) EPS. Equities research analysts forecast that Strategy Inc will post 116.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on MSTR shares. B. Riley Financial lifted their target price on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. BTIG Research reiterated a “buy” rating and set a $350.00 target price (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research report on Friday, March 27th. Finally, HC Wainwright reiterated a “buy” rating on shares of Strategy in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.21.

Key Headlines Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen raised its price target on Strategy to $400 from $395 and reiterated a Buy rating, citing continued Bitcoin accumulation and upside in the company’s treasury strategy. Article Title
• Positive Sentiment: Strategy disclosed a massive Bitcoin purchase of 24,869 BTC for about $2.01 billion, lifting holdings to 843,738 BTC and reinforcing its position as the largest public corporate Bitcoin holder. Article Title
• Positive Sentiment: Several reports highlighted strong investor interest in the company’s aggressive Bitcoin accumulation and the possibility that the strategy could support future share-price appreciation if Bitcoin rebounds. Article Title
• Neutral Sentiment: Jarrod Patten, a Strategy director, sold 1,500 shares, which adds a small insider-overhang headline but is not large enough on its own to change the core thesis. Article Title
• Neutral Sentiment: Management said it may repurchase $1.5 billion of convertible notes and could potentially fund that with Bitcoin sales, signaling a more flexible capital structure but also a shift away from the prior “never sell” stance. Article Title
• Negative Sentiment: Bitcoin fell sharply and crypto liquidations surged, weighing on Strategy because MSTR behaves like a leveraged proxy for BTC and tends to move with the coin. Article Title
• Negative Sentiment: Some investors view the convertible debt buyback and possible Bitcoin sales as adding balance-sheet risk, which is pressuring the stock in the near term. Article Title

Insider Transactions at Strategy

In other Strategy news, Director Jarrod M. Patten sold 1,500 shares of Strategy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $190.85, for a total value of $286,275.00. Following the sale, the director directly owned 28,000 shares in the company, valued at approximately $5,343,800. The trade was a 5.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 30,702 shares of company stock valued at $4,707,839. Insiders own 6.49% of the company’s stock.

Strategy Company Profile

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.